Chapter 1: Should you Become an Entrepreneur? – Flashcards
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Entrepreneurs
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People who own, operate, and take the risk of a business venture.
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Entrepreneurship
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The process of running a business of one's own.
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Employees
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People who work for someone else.
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Self-Assessment
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An evaluation of your strengths and weaknesses.
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Aptitude
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The ability to learn a particular kind of job.
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Opportunities
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Possibilities that arise from existing conditions.
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Ideas
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Thoughts or concepts that come from creative thinking.
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Trade Shows
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Special meetings where companies of the same or related industry display their products.
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Brainstorming
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Creative problem-solving technique that involves generating a large number of fresh ideas.
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Hairstylist
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An example of someone who provides a service.
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Define the Problem
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The first step in the problem-solving process.
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Gather Information
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The second step in the problem-solving process.
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Identify Various Solutions
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The third step in the problem-solving process.
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Evaluate Alternatives
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The fourth step in the problem-solving process.
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Take Action
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The fifth step in the problem-solving process.
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Evaluate the Action
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The last step in the problem-solving process.
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SMART Goals
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Specific, Measurable, Attainable, Realistic, Timebound
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Small Business Administration
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Provides information about business opportunities.
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Communication, Commitment, & Cooperation
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Characteristics of a good team member.
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Financial Goal
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How much money you will generate in the first month of business.
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Independency, Self-Confidence, & Creativity
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Characteristics of a successful entrepreneur.
